General Atlantic-Backed Xiabuxiabu To Raise $140M In HK IPO

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Beijing-based Chinese hotpot restaurant chain Xiabuxiabu Catering Management (China) Holdings Co. Ltd., backed by global growth equity firm General Atlantic, has disclosed that it plans to offer 227.1 million shares at HK$4.4 to HK$5 apiece to raise as much as HK$1.1 billion (US$140 million) in an IPO on the Hong Kong Stock Exchange, according to a regulatory filing.

The company’s shares are expected to begin trading on December 17 under stock code "520″.

Earlier this year, it was reported that Xiaobuxiabu was planning a US$300 million IPO.

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